While the Wall Street Journal has previously reported that Apple is planning to revamp its MobileMe to include a cloud-based media streaming service to iOS devices, it seems that the Cupertino giant has more things planned up their sleeves.

Accoding to a source familar with the matter, Apple is going to include social and location-based services on top of the speculated "digital locker" streaming system as reported by The Wall Street Journal.

Among the many services Apple is working on include:

– A live video-streaming service like Ustream – A location-based check-in system like Gowalla or Foursquare – A geo-tagging system codenamed "Tokens" that tags real-world locations, like Facebook Places on steroids.

All the above services will be accessed through the revamped MobileMe and it will be constantly updated with user's latest activities from their iOS devices; from music to videos, locations to photos.

"The concept is that you would have you own website that's dynamic, all based on what you are doing at that moment," said our source. "Apple thinks of it as having a webserver in your pocket… everything will be dynamically updated to MobileMe."

Looking deeper into the geo-tagging system, "Tokens" would allow other MobileMe users to tag reviews, photos and other interesting information visitng those locations using the iOS devices' built-in GPS.

In a nutshell, it seems like Apple is trying to create an all-in-one social solution for all iOS devices user. The all-new revamped MobileMe is expected to be launched for free in the summer, alongside with the upcoming iPhone 5.